Wake-up call regarding his financial situation France criticized the country’s finance minister Bruno Lemaire. According to the French newspaper Figaro, during yesterday’s, Monday, meeting of the Executive Office of the ruling party and, referring to Fitch has downgraded France’s credit rating., said that “we must accelerate the reduction of France’s debts, because otherwise we will pay the price of raising interest rates. We will pay billions that could be used for the ecological transition and lose our credibility.”

Addressing other members of the French government, Lemaire said that “we must stop spending extra” and that “a minister is a good minister when he gets results, not when he spends more.”

Finally, with regard to the new law on migratory which is on the agenda of the French government, the finance minister said that “we must be clear about migration policy”, underlining the expectation of strictness from the French. “Severity does not mean that we will do something contrary to European law or the Constitution. This means that the irregular foreigner must leave, but also that the foreigner must speak French if he wants to stay in France,” he stressed.

Source: RES-IPE